[Federal Register Volume 83, Number 19 (Monday, January 29, 2018)]
[Notices]
[Pages 4128-4129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01652]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning information collection requirements related to real estate 
mortgage conduits; reporting requirements and other administrative 
matters; and allocation of allocable investment expense; original issue 
discount reporting requirements.

DATES: Written comments should be received on or before March 30, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to LaNita Van Dyke, at 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or (202) 317-6009 or, through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: T.D. 8366, Real Estate Mortgage Investment Conduits; 
Reporting Requirements and Other Administrative Matters. T.D. 8431, 
Allocation of Allocable Investment Expense; Original Issue Discount 
Reporting Requirements.
    OMB Number: 1545-1018.
    Regulation Project Number: T.D. 8366 and T.D. 8431.
    Abstract: T.D. 8366 contains temporary and final regulations 
relating to real estate mortgage investment conduits (REMICS). T.D. 
8431 contains final regulations relating to reporting requirements with 
respect to single-

[[Page 4129]]

class real estate mortgage investment conduits (REMICs) and the market 
discount fraction reported with other REMIC information. This document 
also contains final regulations that require an issuer of publicly 
offered debt instruments with original issue discount (OID) to file an 
information return with the Internal Revenue Service. The relevant 
provisions in the Internal Revenue Code were added or amended by the 
Tax Reform Act of 1984, the Tax Reform Act of 1986, and by the 
Technical and Miscellaneous Revenue Act of 1988.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 9,725.
    Estimated Time per Respondent: 6 minutes.
    Estimated Total Annual Burden Hours: 978.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number.
    Books or records relating to a collection of information must be 
retained as long as their contents may become material in the 
administration of any internal revenue law. Generally, tax returns and 
tax return information are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: January 23, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-01652 Filed 1-26-18; 8:45 am]
 BILLING CODE 4830-01-P